Company-funded advice required for employee shareholder agreements
Approval of the introduction of the employee shareholder status has finally been given by Parliament, but only after a number of amendments to the relevant legislation were agreed by the government. Under government proposals, employee shareholders can receive between £2,000 and £50,000 worth of shares in their employer company (or a parent of their employer company), which will be exempt from capital gains tax. In exchange, the employee shareholder agrees to give up certain statutory employment rights, including the right to bring most types of unfair-dismissal claims and the right to a statutory redundancy payment.
Click on the link above to download the briefing from Olswang.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from The Lawyer
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
The culture of compliance that pervaded regulation in the past is giving way to a fresh principles-based approach